Trustco Group Holdings Limited yesterday stated it has entered into an agreement to buy back a significant block of publicly-traded shares on the Johannesburg Stock Exchange from the University of Notre Dame du Lac (Notre Dame), for US$5 million (over N$90 million) in cash.
Business
New visa regime to promote fairness … northern hospitality achieves highest occupancy
The success of government’s decision to implement visa requirements for those countries that require visas from Namibians will largely depend on the industry’s ability to mitigate the impact and negotiate agreements to sustain domestic tourist inflows.
Ethiopian Airlines tops entertainment, Wi-Fi
Ethiopian Airlines Group, Africa’s largest airline group, is pleased to announce it has been crowned as the winner of the ‘Best Entertainment in Africa’ and ‘Best Wi-Fi in Africa’ for yet another year at the APEX Passenger Choice Awards 2024.
Eurozone business activity growth slows sharply in June
The growth of business activity in the eurozone slowed down in June after the manufacturing sector posted its biggest decline in six months, a key survey said Friday.
Nyambe appointed as energy association president-elect
The Association of International Energy Negotiators (AIEN) has appointed managing partner of SNC Incorporated, Shakwa Nyambe, as its president-elect for 2024-2025.
TotalEnergies to develop North Sea offshore wind hub
TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded a maritime concession by the German Federal Network Agency after auctions were held in that country.
Primary sector still drives domestic economy
Namibia Statistics Agency (NSA) CEO Alex Shimuafeni says domestic economic activity increased by 4.7% during the first quarter of 2024.
Rössing shipped 3.7m pounds of yellowcake to China
During 2023, Rössing Uranium produced 6.4 million pounds of uranium ore concentrate, also known as yellowcake, and sold 6.9 million pounds of the precious resource.
Swiss central bank cuts rate for second straight time
The Swiss National Bank announced yesterday its second straight interest rate cut, after becoming in March the first Western central bank to slash borrowing costs that had been raised to battle inflation.
Stockholm stock exchange fined US$10 mn
Sweden’s financial watchdog said yesterday it had fined the Stockholm stock exchange close to US$10 million for failing to detect and report suspected insider trading.